/biz/ - Business & Finance

[Anonymous No.56274439]

Ah fuck. Bad news marines

[Anonymous No.56274452]

>>56274439
>current year
>posting about shitstink

[Anonymous No.56274464]

wtf does that mean? why would they downgrade it? can we email the council ourselfs to help chainlink?

[Anonymous No.56275759]

>>56274464
if you did that they might take it down to erc-9, wouldnt do that anon. Thats not a multiple of 10 like 20 is so its not crosschain compatible.

[Anonymous No.56275807]

>>56274439
LOL IT'S SO FUCKING REAL. LINK IS RIGHT NOW CRASHING -78% IT'S OVER THIS TIME FORREAL

[Anonymous No.56276049]

Chainlink is a blatant scam, let me explain you why:
LINK's javascript has been hacked and now all the nodes are being affected, meaning they will go offline one by one.
But here's the real trick; every node that goes offline first has to be validated by other nodes, Thus the first node won't go offline until EVERY SINGLE NODE has verified it actually has gone offline
LINK will be in an infinite javascript loop. Maybe if you're a programmer you will recognize FOR and WHILE loops. Well.. This is a FOR loop that NEVER ends.
The price will TANK to at least 50 satoshi. Maybe even lower when the nodes are actually verified being offline.
Sergey is now busy setting up extra nodes to undo this process. Called contra-hacking. He has injected some GO-language code, pseudo-offline code, into the ChainLink network. This means nodes will appear the be online, while they are struggling to go offline, but in the meantime they cant because it isnt verified yet. Neat trick if you ask me, but it wont last long before the other nodes will know whats really going on.

Get into something else now

[Anonymous No.56276071]

I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit.

[Anonymous No.56276088]

>>56276071
Fucking this

I only have 100k Link which is nowhere near enough to actually make it.

All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda. It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump. I need to make it to 300k before mainnet for fucks sake. Link is only going to $10 max. Right now I might make 1MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 1MM into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 2MM, but more likely 3MM to make it. The upper predictions for Link where about $60 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity. All of that isn't going to happen anymore.

The singularity is cancelled. Now we will have a slow growth to $10. And the sad but ironic thing is most people on this board will hold from 20 cents, to $10 and then hold all the way back to sub $1 again because you all believe the 1k eoy memes, and just like the retards who held BTC and didn't sell at 19k, you will do the same with Link at $10. Looking at the current charts depresses the fuck out of me when I know I only have 100k Link, nowhere near enough to make it.

At best I will have 1-2 sweet years, and then return to wagecucking after that. But it will be worse because I will have tasted freedom and know what I am missing out on.

[Anonymous No.56276100]

>>56276049
>>56276071
>>56276088

[Anonymous No.56276114]

The pure delusion. You retards actually think you have fundamentally analyzed link and are some sort of elite investor. You know about link because its been shilled to fucking death on this shitty board with terrible infographics and extremely far reaching claims with no evidence. I guarantee none of you have actually even tried to use the mainnet or have even considered the token economics at play here. The mainnet is a piece of trash centralized (it uses one source) API scraper that uploads data into a non self executable smart contract. A fifteen year old could write the code to do this, it tests nothing envisioned in the whitepaper. Now for the token economics 35% of the total supply is in the hands of Sergey himself. The top 100 wallets control 85% of the supply of this coin and it's not exchanges. Binance, the biggest exchange owns ~2% of total supply. Your investment can be quite literally wiped out overnight without a moments notice. Going all into this project is probably one of the stupidest things you can do with your money but retards like you keep lining up thinking you are the next Warren Buffet. Chainlink is so far from a sure thing.
I love it how all you gullible fucks think you've already made it just by purchasing a bunch of meme tokens on a meme cat picture trading platform which does nothing just because a bunch of anons on a kosovo organ trading board said they will be worth a lot someday. Their arguments sound so convincing, so well researched, but the painful truth is that you've been fooled into investing in a honey-worded fairytale of a solution to a problem that isn't even needed outside its whimsical world of princesses and dragons. Starting to notice the pattern? I mean, the project leader is a fucking philosopher for fuck's sake.

[sage No.56276129]

>>56276114
>The pure delusion. The post

[SAGE No.56276503]

>>56276114
>>56276129
>Thinks they're funny. The posts

[Anonymous No.56276713]

aw shit not again

[Anonymous No.56276731]

Patrick Collins absolutely seething in the comments

[Anonymous No.56276996]

>>56274464
The high elders of the ERC council don't use email

[Anonymous No.56277041]

>>56274464

TURD PAN

[Anonymous No.56277061]

>>56274439
It's over

[Anonymous No.56277106]

>>56276996
True. While some members of the ERC Council may use email as a means of communication, it's not a requirement for participation in the group. The ERC Council primarily communicates via the Ethereum Magicians forum, which is a dedicated online platform for discussions related to Ethereum and its various protocols and standards. This forum allows for real-time discussion and collaboration among members, making it a more efficient and effective way to reach consensus and make decisions. Additionally, the forum provides a transparent and public record of all discussions, which helps ensure accountability and maintain a high level of trust within the community.

[Anonymous No.56277379]

>>56274464
It means Sergey is on thin ice but the thing is he's very very fat

[Anonymous No.56277818]

>>56274439
lmao classic

[Anonymous No.56278311]

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Jannies have tongued my anus 150 times.

[Anonymous No.56278317]

>>56278311
based

[Anonymous No.56278512]

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NCM is a AI token that shills itself, sound cool? Do you hate jannies? Are you tired of fickle humans that won't shill their own bags? Get a bag that shills itself.

Jannies have tongued my anus 203 times.